Medical expense tax deduction: key characteristics by state
Medical expense tax deduction: key characteristics by state"
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Today taxpayers with high out-of-pocket medical expenses may be able to deduct a portion of their costs from their taxable income. In 2015, 8.8 million taxpayers relied on this tax
provision, deducting $86.9 billion. Between 2016 and 2020, the deduction is estimated to reduce the tax bill of these taxpayers by a total of $56.6 billion.
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Medical expense tax deduction: key characteristics by stateToday taxpayers with high out-of-pocket medical expenses may be able to deduct a portion of their costs from their taxab...
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